TransCanada again extends Keystone XL schedule-To reapply for Presidential Permit in "near future"
TransCanada again extends Keystone XL schedule
* Now sees Keystone XL in service by early 2015
* To reapply for Presidential Permit in "near future"
* Boosts cost estimate by $800 mln to $7.8 bln
* Q4 comparable profit C$0.52/shr vs est C$0.53
* Shares rise 1.6 pct in Toronto
By Scott Haggett
CALGARY, Alberta, Feb 14 (Reuters) - TransCanada Corp , the backer of the Keystone XL pipeline, said on Tuesday it plans to soon reapply for U.S. approvals for the project, adding that the line would be further delayed and raising its cost estimate to $7.8 billion.
The company, which reported a 39 percent rise in net income on Tuesday and boosted its dividend by 4.8 percent, said it expects to have the 830,000 barrel Alberta-to-Texas oil pipeline up and running by early 2015 after last estimating it could be operating by late 2014.
Alex Pourbaix, the head of TransCanada's pipeline division, said the schedule was revised because the company now expects it will not receive the required presidential permit clearing construction until the first quarter of 2013.
http://www.reuters.com/article/2012/02/14/transcanada-idUSL2E8DEHN720120214